Profile: McKesson Corp (MCK)
23 Aug 2019
McKesson Corporation, incorporated on July 7, 1994, is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare. It operates through two segments: McKesson Distribution Solutions and McKesson Technology Solutions.
Distribution Solutions Segment
The Company’s distribution solutions segment distributes branded and generic pharmaceutical drugs and other healthcare-related products internationally and provides practice management, technology, clinical support and business solutions to community-based oncology and other specialty practices. It also provides specialty pharmaceutical solutions for pharmaceutical manufacturers, including offering multiple distribution channels and clinical trial access to its network of oncology physicians. It also provides medical-surgical supply distribution, logistics and other services to healthcare providers within the United States. The distribution solutions segment operates retail pharmacy chains in Europe and Canada. It also supplies integrated pharmacy management systems, automated dispensing systems and related services to retail, outpatient, central fill, specialty and mail order pharmacies. The Distribution Solutions segment consists of three businesses: North America pharmaceutical distribution and services, International pharmaceutical distribution and services and Medical-Surgical distribution and services.
The Company’s North America pharmaceutical distribution and services business is a pharmaceutical distributor in the United States and includes four business units: United States Pharmaceutical Distribution, McKesson Specialty Health (MSH), McKesson Canada and McKesson Rx Technology Solutions (MRTS). The United States Pharmaceutical Distribution business supplies branded, specialty and generic pharmaceuticals and other healthcare-related products to customers throughout the United States in three primary customer channels: retail national accounts, including national and regional chains, food/drug combinations, mail order pharmacies and mass merchandisers; independent retail pharmacies; and institutional healthcare providers, such as hospitals, health systems, integrated delivery networks and long-term care providers. Its MSH business provides a range of solutions to oncology and other specialty practices operating in communities across the country, to pharmaceutical and biotechnology suppliers who manufacture specialty drugs and vaccines, and to payers and hospitals. MSH is focused on three core business lines: Manufacturer Solutions, Practice Management and Provider Solutions.
The McKesson Canada business unit is a pharmaceutical distributor in Canada that provides logistics and distribution for manufacturers- delivering their products to retail pharmacies, hospitals, long-term care centers, clinics and institutions throughout Canada and through its network of infusion clinics, offers specialty services and adherence programs. MRTS business is comprised of McKesson Pharmacy Technology and Services (MPTS), RelayHealth Pharmacy (RHP) and CoverMyMeds (CMM). MRTS focuses on customers across the pharmacy industry, including manufacturers, payers, retail pharmacies, hospital pharmacies and government agencies. MPTS supplies integrated pharmacy management systems, automated dispensing systems and related services to retail, outpatient, central fill, specialty and mail order pharmacies. RHP is a provider of connectivity to pharmacies, manufacturers and payers. CMM provides electronic prior authorization solutions to pharmacies, providers, payers and pharmaceutical manufacturers
The Company’s international pharmaceutical distribution and services business provides distribution and services to the pharmaceutical and healthcare sectors in 13 countries within Europe. The pharmaceutical wholesale business supplies pharmaceuticals and other healthcare-related products generally to retail pharmacies and institutional customers. The retail pharmacy business serves patients and consumers in European countries. The retail business also provides traditional prescription pharmaceuticals, non-prescription products and medical services and operates under the Lloyds Pharmacy brand in Belgium, Ireland, Italy, Sweden and the United Kingdom. Its Medical-Surgical provides medical-surgical supply distribution, logistics and other services to healthcare providers, including physicians’ offices, surgery centers, extended care facilities, hospital reference labs, and homecare and occupational health sites.
Technology Solutions Segment
The Company’s Technology Solutions segment consists of its 70% interest in Change Healthcare, LLC. The Company, through Change Healthcare, LLC, provides software and analytics, network solutions and technology-enabled services.
1 Post St
SAN FRANCISCO CA 94104-5203
Company Web Links
- Cardinal Health warns ongoing opioid-related lawsuits to hit business
- UPDATE 1-Cardinal Health warns ongoing opioid-related lawsuits to hit business
- U.S. Drug distributors propose $10 billion to end state lawsuits over opioids: Bloomberg
- McKesson escapes generic drug price-fixing lawsuit
- McKesson meets full-year profit estimates, renews partnership with CVS